About 20 years ago I interviewed Peter Hillary (son of Sir Edmund). He’d made his first successful attempt on Mt Everest in 1990, which made them the first father and son to reach the summit. During the interview, he made a comment that has stuck with me. Reaching the summit is not the ultimate goal.
The best retirements are those that are intentional—with enough flexibility to change when needed. Unfortunately, the evidence shows that too many take a hit-and-miss approach that relies on hope and luck to succeed.
Do you have to write down your retirement goals? Wrong question. Should you write down your retirement goals? Better question. The answer is yes, absolutely!
There’s definitely a place for professional help as you plan your retirement. For instance, you’ll probably need some professional advice about your finances. But, as you consider your retirement, you’ll find your best help in the mirror. You.
‘Many people completely fail at retirement.’ That’s what Hyrum W Smith reckons in his book Purposeful Retirement. So what can you do if you sense you have to un-retire?
I was surprised to discover that retirement was ranked as number 10 in the Holmes-Rahe Life Stress Inventory list of 43 life stressors. For instance, the death of a spouse is the number 1 stressor and is given 100 points. Divorce is number 2, with 73 points. Retirement, at number 10, is given 45 points.
‘You don’t retire from living, you retire to your passion.’ That’s a message from a current retiree. I recently came across several of these messages. My favourite ended with ‘I am finally me’.
Not all men are the same, of course, but there are some generalisations that fit most men. Here are five things men need to know about retirement.
How soon should you start saving for retirement? Answer: The earlier the better. And there are figures that confirm that. There is a well-recognised process leading up to retirement. What follows is an adaptation of a number of countdown steps for finances that I used in my book ‘Retirement Ready?’.
How can a workaholic retire? Will a workaholic retire? If your work constantly occupies your time and your mind you probably already know that isn’t healthy. But it can be hard to get off the work treadmill. After all, the work must be done. Here are the five things workaholics need to know about life and retirement.